NYC Affordability
17th November 2025
Your life is “affordable” based primarily on two numbers — your income, and your cost of housing.. Mayors don’t influence your income, and they shouldn’t try to influence what you pay for housing.
If government, at any level, wants to make your life more affordable, it should do the following:
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- Keep taxes low.
- Keep inflation low.
- Keep interest rates low (which you can’t do if inflation is high)
- Keep immigration low.
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- High immigration adds demand to the housing market and therefore housing prices go higher.
- High immigration adds supply to the job market and therefore wages go lower.
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- Cut regulations on businesses.
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- Regulations add costs. Those costs are passed on to consumers.
- Regulations make starting a business more difficult. Therefore there is less competition. Therefore prices are higher.
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- Don’t limit businesses. Let them grow.
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- Particularly energy companies. The more energy, the better.
- Particularly homebuilders. The more building activity, the better.
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It should be noted at this point that during all four years of the Biden administration, the federal government did the exact opposite regarding every item on the above list. It is not a coincidence that affordability is a hot political topic after four years of the federal government doing everything it could do to make life less affordable.